The Swiss National Bank held the SNB policy rate at -0.75 percent during its December meeting

The expansionary monetary policy continues to be necessary given the inflation outlook in the country. Policymakers agreed that the franc remains highly valued, and that the situation on the foreign exchange market is still fragile.

The bank also signaled interest rates will remain at current levels through at least 2021, saying inflation will be 0.4 percent in 2019, 0.1 percent in 2020 and 0.5 percent in 2021. Interest Rate in Switzerland averaged 0.71 percent from 2000 until 2019, reaching an all time high of 3.50 percent in June of 2000 and a record low of -0.75 percent in January of 2015.